Productivity and quality-adjusted life years: QALYs, PALYs and beyond

Kristian S. Hansen, Juan Moreno-Ternero and Lars P. {\O}sterdal

Papers from arXiv.org

Abstract: We develop a unified framework for the measurement and valuation of health and productivity. Within this framework, we characterize evaluation functions allowing for compromises between the classical quality-adjusted life years (QALYs) and its polar productivity-adjusted life years (PALYs). Our framework and characterization results provide a new normative basis for the economic evaluation of health care interventions, as well as occupational health and safety policies, aimed to impact both health and productivity of individuals.

Date: 2024-04
New Economics Papers: this item is included in nep-eff and nep-hea
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http://arxiv.org/pdf/2404.04121 Latest version (application/pdf)

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Working Paper: Productivity and quality-adjusted life years: QALYs, PALYs and beyond (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2404.04121

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